After a relatively calm Saturday in the cryptocurrency realm, Sunday brought a downturn in the market, with Bitcoin’s price dipping below $60,000, which adversely affected the overall trading landscape. Last Monday, Bitcoin had already fallen to $48,800, a decline largely attributed to Japan’s economic turmoil. So, what’s the current situation for Bitcoin and other high-volume altcoins as of this moment?
### Contents
– What is the Current Bitcoin Price?
– Current Status of Altcoins
### What is the Current Bitcoin Price?
On August 5th, Japan’s economic crisis led to a significant drop in Bitcoin prices, ultimately sinking to $48,800. However, shortly after, prices began to rebound, and within a week, BTC surged past $62,000, rekindling investor enthusiasm. Yet, today’s charts reveal a different narrative. For the latest financial and business updates, visit COINTURK FINANCE.
In the last 24 hours, Bitcoin has suffered a notable decline over the weekend, recording a 4.26% drop, bringing its value down to $58,500. This decline has also affected Bitcoin’s market capitalization, which now stands at $1.154 trillion. Additionally, the 24-hour trading volume plummeted to $24.9 billion, significantly lower than the figures from the previous week.
### Current Status of Altcoins
As Bitcoin’s price fluctuated, attention shifted to altcoins. Ethereum, the foremost altcoin, experienced a 4.12% dip over the past day, trading at $2,542. At the start of the week, ETH’s market capitalization was $305.8 billion, with a 24-hour trading volume of $14.7 billion.
BNB, the native token of Binance, which had previously reached an all-time high of $720, has fallen to $507 after a 4.26% decline. Solana, often dubbed the “Ethereum killer,” faced an even steeper drop of 7.50%, bringing its price down to $144 and distancing it from the $150 mark.
XRP, which made headlines last week following its favorable ruling against the SEC and managed to rise above $0.50, saw a 4.53% decrease in the past 24 hours, trading at $0.5627. Meanwhile, TON, which garnered attention after its price crossed $6 upon being listed on Binance, also suffered an 8.81% drop, now trading at $6.09.
Finally, looking at DOGE, the leading meme coin, it has experienced a sharp decline but still holds steady at $0.1018, preserving the crucial psychological support level of $0.10, which offers a glimmer of hope to its investors. Nonetheless, DOGE’s price movement in the last 24 hours was a drop of 7.04%.
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### Disclaimer:
The information provided in this article is not investment advice. Investors should be aware that cryptocurrencies are highly volatile and come with risks; therefore, conducting personal research is essential.
